Greenlight Capital Re (NASDAQ:GLRE) Lowered to Hold Rating by StockNews.com

Greenlight Capital Re (NASDAQ:GLRE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Greenlight Capital Re Trading Down 3.2 %

Shares of Greenlight Capital Re stock traded down $0.43 on Wednesday, hitting $12.85. 150,154 shares of the company’s stock traded hands, compared to its average volume of 82,173. The company has a market capitalization of $447.59 million, a price-to-earnings ratio of 5.10 and a beta of 0.86. The company has a fifty day moving average of $13.67 and a two-hundred day moving average of $13.95. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.02 and a quick ratio of 3.02. Greenlight Capital Re has a one year low of $11.72 and a one year high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last announced its quarterly earnings data on Monday, March 10th. The financial services provider reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($1.40). Greenlight Capital Re had a net margin of 12.38% and a return on equity of 13.95%. The firm had revenue of $143.76 million during the quarter.

Institutional Trading of Greenlight Capital Re

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Greenlight Capital Re by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,112,254 shares of the financial services provider’s stock worth $29,571,000 after buying an additional 18,533 shares during the period. Private Management Group Inc. increased its holdings in Greenlight Capital Re by 17.3% during the 4th quarter. Private Management Group Inc. now owns 930,479 shares of the financial services provider’s stock worth $13,027,000 after acquiring an additional 136,935 shares during the period. Ameriprise Financial Inc. boosted its holdings in Greenlight Capital Re by 13.3% in the 4th quarter. Ameriprise Financial Inc. now owns 622,743 shares of the financial services provider’s stock valued at $8,718,000 after purchasing an additional 73,317 shares during the period. State Street Corp grew its position in shares of Greenlight Capital Re by 1.1% during the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock valued at $7,861,000 after purchasing an additional 6,319 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Greenlight Capital Re by 13.6% during the fourth quarter. American Century Companies Inc. now owns 469,760 shares of the financial services provider’s stock valued at $6,577,000 after buying an additional 56,281 shares during the period. Hedge funds and other institutional investors own 41.52% of the company’s stock.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.